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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
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Feb 9, 2013
02/13
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this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balanced approach, a bipartisan appro
this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic...
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Feb 9, 2013
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[applause] if you look at what is happening, it is true that the deficits are going to be below a trillion dollars for the first time in several years. it is true that the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that if we raise taxes and cut spending, it could have a dragging effect on the economy. not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the explosive effect of lowing interest rates with a booming bond market and having more disposal income over five-10 year period to invest in america's future would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble. it will make sense here again. but timing is everything. so i think you should have a budget that does not defy arithmetic and does not follow in the trap that we had for 20 of the last 32 years which is you always get more money when you cut taxes. but it is also important that we recognize if there is literally no growth yo
[applause] if you look at what is happening, it is true that the deficits are going to be below a trillion dollars for the first time in several years. it is true that the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that if we raise taxes and cut spending, it could have a dragging effect on the economy. not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the...
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Feb 5, 2013
02/13
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the great deficit in this country is the investment deficit, the investment in people and infrastructure. there were attempts to revive it. it was a super committee proposal. i think it is a good thing the super committee failed to reach an agreement. we will see where that goes. it was not a fair deal. there was so little revenue and so much padding. -- so much cutting. someone was writing the other day that the anti-tax mania is at an all-time low. reagan was willing to raise taxes. it shows how extreme. someone said the of the grover norquist may be the most powerful person in america. the new pledge he has held canada is to. he has held candidates -- the new pledge he has held the new candidates to is keeping millions -- it has a role to play in a country rich in the land grant colleges, highways, bridges. i understand the bridge out here is about to be built. i am all for infrastructure. >> obama in a way has to be the luckiest politician. if you look at the republican lineup -- [laughter] it is like michael dukakis in an oversized tank hat. >> the idea that newt gingrich is now at
the great deficit in this country is the investment deficit, the investment in people and infrastructure. there were attempts to revive it. it was a super committee proposal. i think it is a good thing the super committee failed to reach an agreement. we will see where that goes. it was not a fair deal. there was so little revenue and so much padding. -- so much cutting. someone was writing the other day that the anti-tax mania is at an all-time low. reagan was willing to raise taxes. it shows...
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Feb 5, 2013
02/13
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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Feb 7, 2013
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some of that can be used for deficit reduction. would be a lot more appealing than other taxes or cuts in entitlements, those are very difficult measures. >> a cost to carbon, and the one of those proposals, do you think that happens during the second term of the obama administration? >> i hope it will. it is a long shot because of the opposition from some republicans. a secretary, secretary schulz, a secretary of state and economic adviser under nixon and reagan, he supported the idea of a tax. a lot of republicans said, let's tax carbon and use the tax money to reduce other taxes, like corporate taxes. let's do something to move the incentives away from adding more greenhouse gases into the atmosphere. >> a democratic caller. >> good morning, c-span. the morning. that last caller, i am thankful for guys like you. i am appreciative. unfortunately, the message we are trying to get across is that global warming, how it affects the jet streams and the weather and how that intern causes climate change. the knuckle draggers you were ju
some of that can be used for deficit reduction. would be a lot more appealing than other taxes or cuts in entitlements, those are very difficult measures. >> a cost to carbon, and the one of those proposals, do you think that happens during the second term of the obama administration? >> i hope it will. it is a long shot because of the opposition from some republicans. a secretary, secretary schulz, a secretary of state and economic adviser under nixon and reagan, he supported the...
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Feb 1, 2013
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guest: we usually do not talk about trust deficits. talk about trade, budget deficits, things we can measure. i'm talking about a breakdown of trust in american society, in particular in the institutions that make our economy go. when you look at measures of trust from surveys like a gallup or the pugh institute -- the pew institute, or even newspapers, congress, large corporations, banks, public schools, they have all been going down for many years. for a lot of them, this decline in trust was intensified leading up to and going into the financial crisis. there are a lot of reasons for these things we can talk about. what we were trying to get at in the story that -- is that this matters to the economy, and trust breaks down. there was nobel prize-winning economist who 40 years ago said that every commercial transaction has within it an element of trust. when you trust your counter party, you're more likely to engage in a transaction. when trust begins to fray, and people become suspicious of each other and each other's intentions, it
guest: we usually do not talk about trust deficits. talk about trade, budget deficits, things we can measure. i'm talking about a breakdown of trust in american society, in particular in the institutions that make our economy go. when you look at measures of trust from surveys like a gallup or the pugh institute -- the pew institute, or even newspapers, congress, large corporations, banks, public schools, they have all been going down for many years. for a lot of them, this decline in trust was...
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not only have they failed to come together around a big plan to reduce the deficit. they have also failed in their basic responsibility to pass appropriations bills. how we fund the government each year. we are operating today, continuing resolution on appropriations, because they failed to pass appropriations bills. the last time that congress passed all the appropriations bills and timeless 1994. it was in 1994. that is a basic responsibility. to be able to fund the government. my fear is that there is a dangerous and callous attitude that is developing among some republicans and some democrats. that these danhat these dangeroe allowed to take place in order to blame the other party or the consequences. this is a kind of so what attitude. it says let's see how bad it can get. in order to have the other party blink. i have seen that attitude before. it was the same attitude that led to a government shutdown in 1995. the same attitude. the other side will blink. even though it will hurt people. even if it's going to hurt our citizens or our security. this is a good w
not only have they failed to come together around a big plan to reduce the deficit. they have also failed in their basic responsibility to pass appropriations bills. how we fund the government each year. we are operating today, continuing resolution on appropriations, because they failed to pass appropriations bills. the last time that congress passed all the appropriations bills and timeless 1994. it was in 1994. that is a basic responsibility. to be able to fund the government. my fear is...
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look at the cut of session of republicans. >> we have worked all year to reduce our budget deficit and to cut spending. >> we have reduced the size and role of government. we've got to cut spending. >> we'll continue to work on finding smarter ways to cut spending. >> spend less. >> when we know. when we know in terms of very clear, empirical evidence that austerity measures makes things worse. they will tell you as we saw governor romney do. corporations are people, my friend. and say governments don't create jobs. governments not only create them, but if we had allowed government spending to stay and to stimulate it, we would be in a position where we would have a much lower unemployment rate. >> much lower and much more money out there consumers, people be spending money because they'd have it. and it would go back in the system. dana, melissa, thanks for your time. and be sure to watch melissa harris perry saturdays and sundays 10:00 a.m. here on 34rks snbc. >> coming up, what a day in politics. scott brown is not running and now geraldo rivera may be geraldo? >>> plus, george bush
look at the cut of session of republicans. >> we have worked all year to reduce our budget deficit and to cut spending. >> we have reduced the size and role of government. we've got to cut spending. >> we'll continue to work on finding smarter ways to cut spending. >> spend less. >> when we know. when we know in terms of very clear, empirical evidence that austerity measures makes things worse. they will tell you as we saw governor romney do. corporations are...
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well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy economy he inherited from bush well now he's dealing with a lousy economy he inherited from himself and i think whoever succeeds succeeds bush i mean obama the next president is going. actually inherit a worse economy than either did in his first term i think the obama recession is going to be much worse than the obama recovery and you know the obama recovery has been the weakest recovery ever you can imagine how bad the recession is going to be that's certainly a scary thought for a lot of people that are hoping and praying that we do not have another recession like the one that we just got out o
well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy...
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's more worried about the country's debt and the ratings agencies make. in a short video french communists put together some of the lawns major presidential campaign bows none of which they say came true. look what that's. the value added tax increase. i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to remind the presidents do you remember you promised to review the european treaty you didn't do that here in germany set a three percent deficit isn't real but now only say it's possible etc etc you can't not do what you prom
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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Feb 4, 2013
02/13
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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i don't think the focus has changed to the median term deficit. i think it is front and center precise i will because it has to be -- precisely because it has to -- we have an unemployment rate slight i will below 8%. if you're at a do more infrastructure spending or you're going to make the kind of investments in education that will put people back to work, the only way you ever get a congress to go along with you if you say let's make this part of a package to deal with the other long-run fiscal things. in dealing with some of this is making space to get more short-term recovery. >> except that -- >> poor anna. >> i want this, exactly. >> to move the needle -- if you're pulling on the fiscal policy lever you have to pull from your heart. in 2008, president bush proposed and congress enacted what we called the fiscal stimulus bill. on the right of the aisle it was not forbidden to call it that. it was bipartisan and it was $150 billion pushed out over an 18-month period. we figured that was probably at least the smallest size you needed to move t
i don't think the focus has changed to the median term deficit. i think it is front and center precise i will because it has to be -- precisely because it has to -- we have an unemployment rate slight i will below 8%. if you're at a do more infrastructure spending or you're going to make the kind of investments in education that will put people back to work, the only way you ever get a congress to go along with you if you say let's make this part of a package to deal with the other long-run...
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we have big deficits. lori: the decrease in government spending continue to equate it to the government downsizing? many republicans are looking. spending cuts. >> a little bit. it is not drmatic. it is not the size of government is falling of a cliff, his traveling down, not up. lori: the senate approved a house plan to approve the debt ceiling and hold off on congressional pay if they don't get a budget deal for the next ten years. you say this is more of a risk and even the fiscal cliff was. >> oh, yes. the debt ceiling is a potentially large fiscal contraction like the fiscal cliff was. even bigger, actually, if you do the math. debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, o you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after th
we have big deficits. lori: the decrease in government spending continue to equate it to the government downsizing? many republicans are looking. spending cuts. >> a little bit. it is not drmatic. it is not the size of government is falling of a cliff, his traveling down, not up. lori: the senate approved a house plan to approve the debt ceiling and hold off on congressional pay if they don't get a budget deal for the next ten years. you say this is more of a risk and even the fiscal...
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it reduces deficit even though it increases government health spending and reduces the deficit because it's got tax increases that are bigger than the increases in spending response to the extent that our medium and long-term problem is driven by demographic and the growth on health care spend withing the law has made the second of those worse. >> i think that is not , i mean, you're absolutely right. there's no question that we expanded -- coverage to mills of americans. i think 23 million people that have health insurance that didn't have it before. it's not free. it comes at the cost. everyone understood it came as a cost. it was paid for in part by tax increases and cuts in other government health care spending. it was not all on the revenue side. the other thing that is important for the congressional budget office said it reduced the it in the first decade, which is what they look at if you look in the the second decade, we think it will reduce the deficit even more. i think they were in fact giving credit and thinking it would slow the growth rates of some of the health care spe
it reduces deficit even though it increases government health spending and reduces the deficit because it's got tax increases that are bigger than the increases in spending response to the extent that our medium and long-term problem is driven by demographic and the growth on health care spend withing the law has made the second of those worse. >> i think that is not , i mean, you're absolutely right. there's no question that we expanded -- coverage to mills of americans. i think 23...
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>> kerry has said he wants to focus on the middle east, and that has been a deficit in terms of the israeli-palestinian track. certainly, i mean, the arab spring made it much more difficult, much more complicated, but some would argue made it more necessary. >> well, yeah. the middle east is also one of the drains that can suck all the oxygen out of the room. you know, you could get involved in it and get sucked down all these different kind of rabbit holes that exist in the middle east. syria, israel, palestine, egypt, iran, iraq which could, you know, get rough, afghanistan, which is a problem. all of those things are, i guess, threads that he could pull on that could leave him not enough time to deal with the trans-atlantic relationship, to deal with china, to deal with our neighbors like mexico where their priority issues. to deal with rebuilding the international institutions that need to be rebuilt. i think he has to be a bit careful not to fall into that trap. >> finally, what about iran and whether we are going to be caught up in something that israel launches or that we have to launch with isr
>> kerry has said he wants to focus on the middle east, and that has been a deficit in terms of the israeli-palestinian track. certainly, i mean, the arab spring made it much more difficult, much more complicated, but some would argue made it more necessary. >> well, yeah. the middle east is also one of the drains that can suck all the oxygen out of the room. you know, you could get involved in it and get sucked down all these different kind of rabbit holes that exist in the middle...
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complains when i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's more worried about the country's debt and the ratings agencies make. in a short video french communists put together some of our lawns major presidential campaign vows none of which they say came true. but what that's all that if you know the value added tax increase. i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to remind the president you remember you promised to review the european treaty you didn't do that your german bring said a three percent deficit isn't real but now only say it's possible etc etc you can't
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complains when i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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we all want to fix the deficit problem. there's no question. but i think when they have a chance to look at this bill and understand what we're really facing, i don't think we're going to have a problem there. >> sir, how is this different from the proposal of a year ago? >> did we have the pay freeze? [laughter] >> it's different. obviously we had two different versions. the house as i understood it had the attrition of the work force that's in this component. in the senate last time we had a combination of -- instead of for every three positions that came open, only filling one. we had two and a combination of overall pay freeze across the federal government, for over a year. this is different. it combines both so we're on the same page. and we have the house proposal on the attrition and we've also added congressional pay freeze on it instead of the entire civilian work force. >> what makes you think that this time around, that speaker boehner's going to take up this proposal? >> i >> i would defer to others here and the chairman but there's
we all want to fix the deficit problem. there's no question. but i think when they have a chance to look at this bill and understand what we're really facing, i don't think we're going to have a problem there. >> sir, how is this different from the proposal of a year ago? >> did we have the pay freeze? [laughter] >> it's different. obviously we had two different versions. the house as i understood it had the attrition of the work force that's in this component. in the senate...
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deficits which you could use some military activities being stepped up in europe as if we had some security threats that. efforts continue to loom of the large nater to move the military infrastructure eastwards as if we had no statements at the highest level about the negative effects of divisions in the continent some of our european all of the partners are now drawing new dividing lines so that trying to divide integration projects between good and bad there but only knight is discussing and smart defense but it does not say who it is going to defend itself from is much more important to launch a new smart foreign policy at the wishes of maximizing the opportunities for collective work instead of wasting our resources if we're leading economies as part of the g. twenty could where it makes solid. efforts to address the financial crisis why cannot we do the same in policy russia join w t o and we appreciate the united states europe and other countries who supported that but we look at the w t o was set up to. tied protectionism in trade and. economies if you would if we try and look at th
deficits which you could use some military activities being stepped up in europe as if we had some security threats that. efforts continue to loom of the large nater to move the military infrastructure eastwards as if we had no statements at the highest level about the negative effects of divisions in the continent some of our european all of the partners are now drawing new dividing lines so that trying to divide integration projects between good and bad there but only knight is discussing and...
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we believe there's a better way to lower the deficit. but americans do not support sacrificing real spending cuts for more tax hikes. the president's sequester should be replaced with spending cuts reforms that put us on a path that would balance the budget over next 10 years. the american people believe that the tax question have -- tax question has been settled. they know the president called for a balanced approach to the debt, a combination of revenues and spending cuts. and they know that he has done his revenue. the american people do not believe -- he has gotten his revenue. the american people do not believe that he will not get more revenue to lower the debt. the president does not believe we have a spending problem care he genuinely believes the government's spending causes economic growth. if that weren't true, the economy would be thriving. small businesses are struggling. middle-class families, those that are lucky enough to have a job, are living paycheck to paycheck. and president obama just insisted on raising their taxes
we believe there's a better way to lower the deficit. but americans do not support sacrificing real spending cuts for more tax hikes. the president's sequester should be replaced with spending cuts reforms that put us on a path that would balance the budget over next 10 years. the american people believe that the tax question have -- tax question has been settled. they know the president called for a balanced approach to the debt, a combination of revenues and spending cuts. and they know that...
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the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of people who will be eligible for medicare will be rising sharply. gerri: they expect gdp to rise this year and next year an average of 3.6% after that and then slowing. cbo expects unemployment average 8% this year and seven points six% next year that is the first time that has happened in 70 years. with the recent tax increases and spending cuts the cbo says it will cost 1.2 5% percentage points of gdp but with deficits reduce it boost growth and employment in the future. gerri: while the cbo war and gas the president tried to put the squeeze on congress to pass small spending cuts and pass more tax hikes. w
the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of...
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if we cut the deficit we see a major bump 10 years, down the road. look at that even though the economy will take a hit in the short term. when it comes to the deficit, shouldn't we focus on the long game here i'm wondering? here with more is former director of the congressional budget office, douglas holtz-eakin. thanks so much for joining us. >> thank you. melissa: i was so excited the cbo finally went out and quantified this and tried to illustrate it to people. anytime you try to make the case we should cut spending short term to help our children down the road or ourselves depending how long you are, people poo-poo that is not like real math s that real math we saw on the bar charts? >> that is real math and the second example of that real math is what the cbo put out which says, suppose you do nothing? well, then we have a fault turf bad growth. their long-term growth rate for the u.s. has been marked down from 2 1/2% a year ago to 2.2%. and that's testimony to a staggering debt burden this economy is bearing. whether you look at it as the bad
if we cut the deficit we see a major bump 10 years, down the road. look at that even though the economy will take a hit in the short term. when it comes to the deficit, shouldn't we focus on the long game here i'm wondering? here with more is former director of the congressional budget office, douglas holtz-eakin. thanks so much for joining us. >> thank you. melissa: i was so excited the cbo finally went out and quantified this and tried to illustrate it to people. anytime you try to make...
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Feb 3, 2013
02/13
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one thing that happens is the deficit. we are talking the out year's 2030, 2035 and 2045. what do we know about the economy in 2040? we can't predict one year. maybe innovation is incredible. maybe we have four years of japanese growth. things are going to change a lot. i want to thank our guests. connie, joe from business insider. ed connor, thank you all. that was great. >> thank you. >> thank you for joining us. we'll be back next weekend. our guests will include gror ya and marlo. the state feminism today. coming up next is melissa harris perry. former congresswoman gabby giffords and her gun control issues. that's up next on mhp. have a fun super bowl. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. how did i know? well, i didn't really. see, i figured low testosterone would
one thing that happens is the deficit. we are talking the out year's 2030, 2035 and 2045. what do we know about the economy in 2040? we can't predict one year. maybe innovation is incredible. maybe we have four years of japanese growth. things are going to change a lot. i want to thank our guests. connie, joe from business insider. ed connor, thank you all. that was great. >> thank you. >> thank you for joining us. we'll be back next weekend. our guests will include gror ya and...
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Feb 6, 2013
02/13
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so that's 60% of the deficit right there. so this stuff about cutting taxes and that's going to stimulate the economy, this is supply side economics. >> it is. >> very much -- >> and it worked in the '80s under reagan and the '90s under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the balance is there. now it is time to look at the other side which is spending cuts and entitlement reform. that's what hasn't come yet. >> i have to get out. thanks very much. appreciate it. you're both great. so are house republicans prepared to put up a spending cut fight with the president some let's get t? let's get the gop perspective. mr. roscom, what is your response to president obama's rift today? >> well, look, this is president obama's sequester to pay for the old ket credebt ceiling deal. that being said, the president also in december last time you and i talked
so that's 60% of the deficit right there. so this stuff about cutting taxes and that's going to stimulate the economy, this is supply side economics. >> it is. >> very much -- >> and it worked in the '80s under reagan and the '90s under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the...
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Feb 9, 2013
02/13
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we got that trade deficit number narrowest in three years. >> good numbers from china. >> if we can believe them. i don't know. depends how you feel about the numbers. still the numbers were there. that was some after what the market was chewing on today. but a low volume day. >> a lot of talk about apple. we're going go after apple in a second. everyone is talking about apple and its excess cash and what's going to happen and this lawsuit from mine einhorn. >> $137 billion dollar of excess cash. that's a lot of cash. should they be returning it to shareholders? einhorn says give it back to us in the form of preferred shares. he's filed this lawsuit. i think it's interesting really that apple even responded. so often you don't heart company say anything when all of this buzz is going around. i don't know what are going to do. i don't know what the right thing is to do. but i know they should make the shareholders feel like it's worth holding that stock. >> i think there's going to be a lot of movement on that. many thanks to cnbc's courtney reagan who's going to stay with us. we have two sa
we got that trade deficit number narrowest in three years. >> good numbers from china. >> if we can believe them. i don't know. depends how you feel about the numbers. still the numbers were there. that was some after what the market was chewing on today. but a low volume day. >> a lot of talk about apple. we're going go after apple in a second. everyone is talking about apple and its excess cash and what's going to happen and this lawsuit from mine einhorn. >> $137...
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Feb 1, 2013
02/13
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. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other indicators remain positive. >> consumer spending increased. business investment; particularly, for equipment and software was strong. residential construction was strong. we are seeing signs of that in the jobs report. >> it also showed a larger number of people dropped out of the labor force than found jobs. former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boom is retiring. >> actually, the conference
. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other...
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Feb 7, 2013
02/13
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the fact check organization says only $1.4 trillion have the deficit reduction was in spending cuts. the rest came from tax hikes. >>> a seven-year-old colorado boy has been suspended from cool for lobbing an imaginary grenade in order to save the planet. he did not threaten anyone but violated the school's list of absolutes which forbids weapons real or pretend. his mother doesn't think it's realistic important second graders but the school district tells the herald newspaper the story is more complicated than being portrayed. >> finally as the associated press puts it, no wonder they are in danger. galapagos for advertises aluminum period around while a pianist played getting them in the mood to mate. they did not appear to be aroused by his romantic style of music but they seemed to perk up for carrots. >> iran's leader rejected one-on-one talks about its nuclear program. tehran has found another way to provoke the obama administration. amy kellogg has more from london. >> iran just released footage it claimed it extracted from a drone captured in 2011. footage of the pentagon wil
the fact check organization says only $1.4 trillion have the deficit reduction was in spending cuts. the rest came from tax hikes. >>> a seven-year-old colorado boy has been suspended from cool for lobbing an imaginary grenade in order to save the planet. he did not threaten anyone but violated the school's list of absolutes which forbids weapons real or pretend. his mother doesn't think it's realistic important second graders but the school district tells the herald newspaper the...
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Feb 9, 2013
02/13
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this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had throw years of recovery relative to europe. if we're ever going to take the hit this is a better time to take t if this were three years ago, i would be arguing right with you. i think we can take a chance. when are we going to get the chance to take these cuts in the pentagon or take a bite out of the deficit? i think it's worth it. >> now twittering dean quester. >> if he would stop blaming someone else other than himself and man up and take responsibility. >> kris hayes, i'm sure your guests will have much more explaining on kicking the can down the road. >> thank you. >>> ousted fox news contributor says he's on a mission fo
this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had...
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the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in context of the history of this president and fiscal issues. does not pose for the budget. the senate has not passed one commend the president of the united states said this back in 2011. november 41st. already, he said, some in congress are trying to undo these automatic spending cuts, much like he did today at 115 eastern time. my message to them back in 2011, no, i will be there through any effort to get rid of automatic spending cuts to domestic and defense spending said the break president at that point. your reaction? >> that was president obama circa 2011. candid obama in a debate set s
the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in...
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Feb 6, 2013
02/13
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assorted measures only in greece are deficit problem while creating jobs will help bring down the deficit by decreasing reliance on teaching net programs, increasing taxpayers in every debt to gdp ratio. job loss under sequestration would include 16,000 school teachers and aides and 20,000 head start teachers. as the american public that's what they mean by cats. we need to create education jobs by investing in teachers, modernizes goals in the first to create one in 300,000 jobs. these ideas they offered a bill in 2011 and were ultimately included in the american jobs that come which never even got a vote in the house. modernizing schools and the probing of the structure from which the balancing act we do other jobs or communities need and those are the shops are economy needs. the legislation pays for investments by including smart military cut the number for the discussion, really no discussion we'll streamliner military to meet 21st century threats. raising revenue from those who can afford to pay more, making targeted military cut, not a little at first restorer the balance deficit r
assorted measures only in greece are deficit problem while creating jobs will help bring down the deficit by decreasing reliance on teaching net programs, increasing taxpayers in every debt to gdp ratio. job loss under sequestration would include 16,000 school teachers and aides and 20,000 head start teachers. as the american public that's what they mean by cats. we need to create education jobs by investing in teachers, modernizes goals in the first to create one in 300,000 jobs. these ideas...
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Feb 8, 2013
02/13
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. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
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Feb 6, 2013
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year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank you, madam chairman. i ask unanimous consent to claim time in opposition even though i am not. the chair: the gentleman is recognized. mr. van hollen: thank you, madam chairman. i think it's very useful to let everybody in the country know exactly what the debt and deficit will be on a per capita basis. we in congress can of course do the math. i think it's no problem asking the president to run that calculation as well. again, i want to emphasize the fact there is agreement on reducing the deficit. the real differences here are over how we do
year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank...